Mid-term Plan

STRUCTURAL REFORM STAGE 2

Mazda announced a new medium-term business plan "Structural Reform Stage 2" which covers the period from FY March 2017 to FY March 2019. In the "Structural Reform Stage 2", we will achieve "qualitative growth" and improve brand value.

Financial Target

(FY March 2019)

Global sales Volume

1.65 million units

Operating ROS

5% or more

Equity Rario

45% or more

Dividend Payout Ratio

20% or more

[Exchange Rates : US dollar 108 / Euro 118]

Despite steady progress in the major initiatives of Structural Reform Stage 2, operating ROS target has been revised to 5% or more due to changes in the business environment such as exchange assumptions, material costs and commodity prices, lower passenger car demand in the US.